Market Data
July 15, 2015
Written by Brett Linton
A quick note that we will be updating the imports by port and country data for May later this afternoon. You can view the data sheets on our website here.
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Steel mill lead times extended this week on all sheet and plate products tracked, according to responses from SMU’s latest market survey.
All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with all products inching up to new multi-month highs. Prices are now up by $30-70/st compared to those seen four weeks ago.
US steel imports declined considerably in September and October, with trade falling to reduced levels not seen in nearly five years.
German Economy Minister Katherina Reiche expressed frustration with US levies on steel and aluminum products. The US contends the EU is unfairly targeting its big tech firms.
Domestic steel production improved last week, according to the latest figures from the American Iron and Steel Institute (AISI).